Monday, January 3, 2011
Posted by D. Daniel Sokol
Klaus M. Schmidt (University of Munich) addresses Standards, Innovation Incentives, and the Formation of Patent Pools.
ABSTRACT: Technolgical standards give rise to a complements problem that affects pricing and innovation incentives of technology producers. In this paper I discuss how patent pools can be used to solve these problems and what incentives patent holders have to form a patent pool. I offer some suggestions how competition authorities can foster the formation of welfare increasing patent pools.